OPINION: Think like a private equity owner

You own a thriving business — it could generate $50 million, $500 million or $5 billion in revenues. Managing growth may be more challenging as the business gets larger. With success may come concerns about estate concentration, planning and taxes. Perhaps you’re concerned about who will run the business in the future or how you can meld the right family-member executives with non-family talent. You want to ensure the business continues to prosper and stays true to your values and goals. You know you should evolve governance to provide oversight after your active career chapter. Most of all, you want your family to own your company for the long term.

You’ve observed private equity firms’ or competitors’ offers to buy similar companies. You may even have been approached to sell. Your financial advisers are urging you to diversify your assets.

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About the Author(s)

Rodney Goldstein

Rod Goldstein is one of three partners of Wealth Strategist Partners, a Chicago-based adviser to complex families of significant financial and family business wealth.


Susan Lucas

Susan Lucas is one of three partners of Wealth Strategist Partners, a Chicago-based adviser to complex families of significant financial and family business wealth.


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